TEDPIX climbs 3,400 points on Monday
TEHRANTEDPIX, the main index of the Tehran Stock Exchange (TSE), gained 3,499 points to 1,434 million on Monday.
As reported, more than 9.907 billion securities worth 58,537 billion rials (approximately $ 1.393 billion) were traded on the Toronto Stock Exchange.
The primary market index gained 3,347 points and the secondary market index increased by 4,587 points.
TEDPIX has gained 5,000 points (less than three percent) to 1.398 million in the last Iranian calendar week (ended Friday).
Over the past week, indices of Isfahan Refining Company, Iranian National Copper Industries Company, Mobarakeh Steel Company, Bandar Abbas Refining Company, Sabzevar Pars and the industrial group Arian Chimia Tech were the most followed.
Finance and Economic Affairs Minister Ehsan Khandouzi on Monday held a meeting with representatives of more than 30 large companies active in the capital market to exchange ideas for solving problems and developing the economy.
Speaking at the meeting, Khandouzi said his ministry plans to make the economy more predictable and eliminate pricing systems that hurt the capital market and the stock industry, the news agency reported. Mehr.
The official noted that the government will follow new strategies to offset the budget deficit by making public assets more productive and also by selling surplus properties.
âThe task of the Ministry of Economy and the Securities and Exchange Organization is to develop tools and institutions to create a transparent, efficient and predictable market,â Khandouzi said.
Capital markets analyst Soheil Kolahchi believes that the stock market will be able to compete with other parallel markets to bring positive returns to investors in the second half of the current Iranian calendar year (22 September 2021 – March 20, 2022), IRNA reported.